Economy
May 27, 2021
Durable Goods Orders Slip 1.3% in April
Written by Sandy Williams
Durable goods orders took a surprising tumble in April, dipping 1.3% instead of rising 7-9% as predicted by economists.
The volatile transportation category was responsible for most of the decline, falling 6.7%. Automotive orders fell 2.6%, sliding for a second time in the past three months as production slowed due to supply issues with semiconductor chips. Commercial aircraft orders leapt 17.4%, after declining 26.8% last month, indicating that the industry is beginning to recover from lost orders during the pandemic. Minus transportation, durable goods orders gained 1.0% in April.
